banner_ad

Section 44AD doubt

Others 303 views 4 replies
User Avatar

1 Points Posted on 31 December 2021
pls tell under 44AD if I show my Net profit 0. Then will tax audit apply to me
0 Reply Share Follow
On 31 December 2021 at 22:20 Report
Replies (4)
User Avatar

Company Secretary
7085 Points Posted on 31 December 2021
Net profit 0 means if it is less than 6% of turnover provisions of tax audit will apply.
1 Reply
On 31 December 2021 at 22:39
User Avatar

Profession Business
28207 Points Posted on 01 January 2022
GROSS RECEIPTS OR TURNOVER IS THE CRITERIA
Reply
On 01 January 2022 at 08:33
User Avatar

243 Points Posted on 01 January 2022
If you declare profit of less than 8% or 6% of your turnover then tax audit will be applicable.
Reply
On 01 January 2022 at 09:27
User Avatar

SEO Sai Gr. Hosp.
211713 Points Posted on 01 January 2022

Exception.....

Audit will not be applicable if total income is below maximum chargeable to tax !!!

1 Reply
On 01 January 2022 at 09:34


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details